$1 million order for xG Technology

Staff Report

Published: Wednesday, February 6, 2013 at 1:00 a.m.

Last Modified: Tuesday, February 5, 2013 at 8:44 p.m.

SARASOTA - Wireless communication developer xG Technology Inc. announced Tuesday that it has received a $1.03 million order from a Texas firm that plans to offer wireless voice and broadband services in Oklahoma.

Facts

TEXAS BUYER:

In 2012, the Sarasota-based xG received orders for about $20 million for military applications here and abroad and from rural carriers, among others.

In all, the purchase brings the total announced backlog of orders and reseller agreements for xMax equipment and services to over $30.6 million, officials said.

"We are pleased to see xMax being adopted by a growing number of (Competetive Local Exchange Carriers) and independent telco operators who do not own licensed spectrum but understand the importance of offering wireless Internet-based services to their customers," Chris Whiteley, xG's vice president of business development, said in a statement.

The company offers subsidized wireless service for low-income subscribers through a federally mandated assistance program.

"We view xMax cognitive radio technology as a new way to grow our existing business, diversifying into new areas such as municipal mobile broadband, schools, hospitals and first responder applications," said Byron Young, Assist Wireless' CEO.

"The xMax system offers us a low-cost, carrier-grade solution for deploying new internet-based services that our customers want, without requiring access to cost-prohibitive licensed spectrum."

XG's technology can provide broadband service in rural areas via networks created without massive infrastructure, using Federal Communications Commission bands made available for cordless phones.

XG is expected to deliver the xMax equipment to Assist Wireless in the second quarter of this year.

<p><em>SARASOTA</em> - Wireless communication developer xG Technology Inc. announced Tuesday that it has received a $1.03 million order from a Texas firm that plans to offer wireless voice and broadband services in Oklahoma.</p><p>Assist Wireless LLC, of Fort Worth, Texas, becomes the latest rural telecommunications carrier to deploy xG's xMax technology.</p><p>In 2012, the Sarasota-based xG received orders for about $20 million for military applications here and abroad and from rural carriers, among others.</p><p>In all, the purchase brings the total announced backlog of orders and reseller agreements for xMax equipment and services to over $30.6 million, officials said.</p><p>"We are pleased to see xMax being adopted by a growing number of (Competetive Local Exchange Carriers) and independent telco operators who do not own licensed spectrum but understand the importance of offering wireless Internet-based services to their customers," Chris Whiteley, xG's vice president of business development, said in a statement.</p><p>Assist Wireless operates in Arkansas, Maryland and Oklahoma, with expansions planned for 10 other states, including California, Illinois, Kansas, Louisiana, Michigan, Missouri, Pennsylvania and Texas.</p><p>The company offers subsidized wireless service for low-income subscribers through a federally mandated assistance program.</p><p>"We view xMax cognitive radio technology as a new way to grow our existing business, diversifying into new areas such as municipal mobile broadband, schools, hospitals and first responder applications," said Byron Young, Assist Wireless' CEO.</p><p>"The xMax system offers us a low-cost, carrier-grade solution for deploying new internet-based services that our customers want, without requiring access to cost-prohibitive licensed spectrum."</p><p>XG's technology can provide broadband service in rural areas via networks created without massive infrastructure, using Federal Communications Commission bands made available for cordless phones.</p><p>XG is expected to deliver the xMax equipment to Assist Wireless in the second quarter of this year.</p>